High LNG prices have made the commodity significantly less popular in China. Coal-supportive policies are making coal-fired power more attractive. Lower power demand as a result of China’s strict covid Continue Reading
ESPO crude grade gains popularity in China. ESPO goes for around $1-$2 discount per barrel to the international benchmark Brent. High demand for the cheaper Russian crude relative to rival Continue Reading
China’s very-strict covid policies continue to be a major risk for crude markets. China was almost single-handedly responsible for the commodities pricing super-cycle that occurred between 2000 and 2014. Any Continue Reading
China’s imports of Russian crude oil fell 10.6% from a record high in May to 1.78 million b/d, or 7.29 million mt, in June, but the producer remained the biggest Continue Reading
June Russian oil imports 1.77 mln bpd, +9.5% y/y Saudi No.1 supplier for H1 at 1.75 mln bpd; Russian 1.67 mln bpd H1 imports from Angola -14% y/y, Brazil -23% Continue Reading
India’s gasoline and diesel sales during the first half of July dropped from last month as seasonal rains curtailed demand in the world’s third-biggest energy consumer, that could help keep Continue Reading
Several large Chinese cities including Shanghai are rolling out new mass testing or extending lockdowns on millions of residents to counter new clusters of COVID-19 infections, with some measures being Continue Reading
A persistent heatwave is hobbling China’s ability to keep its factories operating as virus curbs disrupt the supply of coal and inventories of the fuel run low. The government’s pledge Continue Reading
Gasoline exports slumped by 42 percent annually in the first half of this year compared to the same period of 2021. Chinese authorities continue to reduce export quota. Combined with Continue Reading
Covid-19 is surging around the United States again in what experts consider the most transmissible variant of the pandemic yet. But something is different this time: The public health authorities are holding Continue Reading
